Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$157,896$162,000
Remaining term (yrs)25.930.0
Secondary amount$0$0
Funding fee$0$0
Note rate5.410%7.400%
Blended rate6.260%7.640%
1st payment$943.79$1,121.66
2nd payment$0.00$0.00
Taxes / mo$224.33$224.33
Insurance / mo$150.00$150.00
MI / mo$118.92$32.40
HOA / mo$0.00$0.00
Total monthly$1,437.03$1,528.38
Cash to close$22,104$18,000